Grieg Seafood reports Q2 operational EBIT of NOK 91 million from continued operations.
Grieg Seafood reported an operational EBIT of NOK 91 million ($8.92 million/€7.74 million) from continued operations in the second quarter of 2025, up from NOK 18 million in Q2 2024. Operational EBIT per kilo rose to NOK 10.3 ($1.01/€0.88), compared to NOK 6.4 in the same quarter last year.
Harvest volumes from continued operations totalled 8,850 tonnes (Q2 2024: 2,771 tonnes), while the total including discontinued operations reached 21,798 tonnes.
The results follow the company’s agreement, signed in July, to sell its Finnmark and Canadian operations to Cermaq Group for NOK 10.2 billion ($999 million/€867 million) on a cash- and debt-free basis. The transaction reflects a strategic shift toward a more focused operational model centred on Rogaland and a lean headquarters structure.
Grieg Seafood said it maintains a harvest volume target of 30,000 tonnes for 2025 from its continued operations, with approximately 8,000 tonnes expected in Q3.
Freshwater and seawater production was reported as strong across all regions during the quarter.
A live presentation of the results was held on Tuesday morning in Oslo by newly appointed CEO Nina Willumsen Grieg and CFO Magnus Johannesen.
Grieg Seafood is headquartered in Bergen and has been listed on the Oslo Stock Exchange since 2007.
